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Hospitalisation is a long-term business with gestation period of 7-10 years and will surely be profitable over a period of time, Nirupa Shankar, Director, Brigade Hospitality.
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Brigade Enterprises posted a good set of earnings in Q3. The EBITDA was higher due to lower costs, the revenues fell but overall their sales volumes were not too bad. In an interview to CNBC-TV18, MR Jaishankar, CMD of Brigade spoke about the results and his outlook for the company.
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Brigade Enterprises goes shopping - buys 13 acres of land for Rs 218 crore in Bengaluru for developing an IT park. In an interview to CNBC-TV18, KP Pradeep, CFO of Brigade Group spoke about the deal and latest happenings in the company.
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Sameet Chavan, Chief Analyst-Technical Derivatives at Angel Broking Pvt Ltd, says although there is no sign of a reversal, one should not be too gung-ho or complacent with the current momentum.
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Yuken India stock is up 680 percent this year. In an interview with CNBC-TV18, CP Rangachar, MD of the company spoke about the latest happenings in his company and sector.
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In an interview to CNBC-TV18, MR Jaishankar, CMD of Brigade Enterprises spoke about the results and his outlook for the company.
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Be selective in the real estate space, focus on players that have operational assets, says Adhidev Chattopadhyay, Real Estate Analyst, Emkay Global Financial Services.
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In an interview to CNBC-TV18, Suresh Kris CFO of Brigade Enterprises spoke about when will bookings begin as well as about revenue contribution from the project.
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In an interview to CNBC-TV18, Suresh Kris, CFO of Brigade Enterprises spoke about the implementation of real estate regulation and development act and gave his overview on the real estate market.
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Brigade Enterprises expects the infrastructure status awarded to affordable housing in Budget to pump up sales in the April-June quarter.
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In an interview with CNBC-TV18, Suresh Kris, CFO of Brigade Enterprises said that the company took this decision as its hospitality business had grown with a substantial number of rooms.
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The Bengaluru project to be jointly developed with Cornerstone Bay has developable area of roughly 5-6 million square feet and revenue potential of about Rs 2,500-3,000 crore, said Suresh Kris, CFO of Brigade Enterprises.
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Brigade Enterprises reported a lackluster first quarter with a 5.4 percent growth in revenue to Rs 459 crore and operating margins coming at 25.6 percent as against 24.4 percent year-on-year (Y-o-Y). The company‘s profit after tax (PAT) fell 22 percent to Rs 20.1 crore.
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Speaking to CNBC-TV18 MR Jaishankar, CMD of Brigade Enterprises says he is bullish on the hospitality business, adding the company would retain majority stake in it.
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Suresh Kris, Chief Financial Officer of Brigade Enterprises told CNBC-TV18 that the company is hopeful of clocking 30-35 percent growth in topline and bottomline in FY17.
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The hotel, which will be Brigade's second Grand Mercure property, will have 150 rooms and the average rate for a standard room is Rs 6000, says Suresh Kris, CFO of Brigade.
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Kansai Nerolac has additional land in Mumbai and Thane, but doesn‘t have any plans to liquidate them anytime soon, says HM Bharuka, MD of the company.
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Adhidev Chattopadhyay, Real Estate Analyst at Elara Capital likes Oberoi Realty, Godrej Projects from Mumbai and Sobha Developers, Prestige and Brigade Enterprises from Bangaluru.
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Suresh Kris, CFO, Brigade Enterprises, says the project has 109 villas spread over 18 acres of land.
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The company saw average realisations of 5900 square feet (sq ft) in the nine months of FY16 said Suresh Kris, CFO of Brigade Enterprises.
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Suresh Kris of Brigade Enterprises says the company will do well in H2FY16 vis a vis H1.
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Brigade Enterprises has announced the launch of Plumeria at Brigade Meadows in Bangalore. The project offers two and three bedroom-hall-kitchen (BHK) homes.
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Brigade Enterprises reported a significant increase in its net profit at Rs 41 crore, but its company's Q2 revenue was down 11 percent at Rs 249 crore versus Rs 280 crore.
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Suresh Kris, CFO of the company says its cap-expenditure commitment for the projects is Rs 300 crore of which Rs 150 crore has already been incurred.
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There has been a dip in demand for the high-end housing but has been compensated by demand for lower-priced or small-sized products, said JC Sharma, Vice Chairman & Managing Director of Sobha.
